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Ex Husband not paying mortgage and I can't afford it.
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Easy.
Bills /food/car/school expenses.
That's without counting any "luxuries" like socializing or house upkeep or clothing or dentist etc etcThe word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
Landlords insurance is not free, you also need permission from the lender which often means changing the mortgage to BTL, again not free. She will also have to pay income tax on her rental earnings. Renting is a business, not everyone has the time to do it, not everyone can afford it as most find the rent barely covers their mortgage and they come out with -£ each month.
As renting is generally more expensive she will likely be out of pocket, as she lives in a two up two down with a child downsizing does seem quite difficult.
Plus it may stop her benefits if the capital in a house you own but don't live in, is over 16k, when Universal Credit comes in. Over 16k in capital = no Universal Credit.
At the moment, the benefit payment Tax Credits, doesn't have a capital limit; but that anomaly is being corrected when all the income based benefits (tax credits is an income based benefit too) become the one benefit payment Universal Credit.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
I would not class living on 23000 a year (it would work about that I believe after tax) with a child and no cs payments as generous. If there are 2 wages like that for household it becomes better but just one ..The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
Mortgage , kids , any help from families?The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
EmmaBridgewater wrote: »Rent is £50 less than the mortgage mentioned. No kids but op only has a 16 yo who should surely have a part time job? No.
Well done in managing , I must got out of touch then ..The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
I wonder if the OP is support staff within a school (eg teaching assistant)or clerical worker)? So doesn't get paid for school hols which in turn would net her monthly pay down. If this is the case, I think you may need to look for something that's all-year round to up your income. If you are struggling now with tax credits boosting your income, what's the situation going to be like in a couple of years when you no longer qualify for them as son has left f-time education.
I think you need to do a SOA (Statement of Affairs ie incomings and outgoings) and post on the debt free wannabe board0 -
I wonder if the OP is support staff within a school (eg teaching assistant)or clerical worker)? So doesn't get paid for school hols which in turn would net her monthly pay down. If this is the case, I think you may need to look for something that's all-year round to up your income. If you are struggling now with tax credits boosting your income, what's the situation going to be like in a couple of years when you no longer qualify for them as son has left f-time education.
I think you need to do a SOA (Statement of Affairs ie incomings and outgoings) and post on the debt free wannabe board
I do wonder whether the OP actually does work full time (as most people mean it) because, with WTC/CTC/CB, that would be a decent income if there were no housing costs to pay. Of course, that does depend on the level of debt repayments she's making.0 -
Yes, full time for a TA often means 9-3.30 term time only. Its as many hours as they can get, but not anything like full time in other jobs.0
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Person_one wrote: »Yes, full time for a TA often means 9-3.30 term time only. Its as many hours as they can get, but not anything like full time in other jobs.
When I worked in schools as a nursery nurse I always had an evening nanny job that topped up my income in term time and ensured I got paid in school holidays as I then would be nannying full time.I don't get nearly enough credit for not being a violent psychopath.0 -
When I worked in schools as a nursery nurse I always had an evening nanny job that topped up my income in term time and ensured I got paid in school holidays as I then would be nannying full time.
A lot of TAs want those hours though because it fits around their own school age children and saves on childcare costs.
They still get paid in the holidays, their pay is pro rata and divided into 12 equal payments.0
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